Can someone confirm this? It seems that the equation reference mechanism is broken some time in the recent past. I have a small example done in (1) ConTeXt ver: 2011.07.13 20:14 MKIV (2) ConTeXt ver: 2011.11.17 23:31 MKIV These are respectively the first and last pdf's below. If true, it is very serious for me, because the I cannot prepare the upcoming texts for my students! Furthermore: \pagereference now introduces spurious white. For the bad vertical spacing on the left I have submitted a tentative bugfix to Hans Hagen. Hans van der Meer \setuppapersize[A6][A6] \setupformulae[spacebefore=0pt,spaceafter=0pt] \starttext \placeformula[eq:one]\startformula a = 1 \stopformula \placeformula[-]\startformula a = 2 \stopformula \placeformula[eq:three]\startformula a = 3 \stopformula \pagereference[ref:p] Refer equation-1: \in{equ=<}[eq:one]> in page \at[ref:p].\par Refer equation-3: \in{equ=<}[eq:three]> in page \at[ref:p].\par \stoptext